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Macro - Country Economic Forecasts - Jordan

Publisher Oxford Economics
Published Mar 31, 2023
Length 6 Pages
SKU # OFE17888497

Description

Macro - Country Economic Forecasts - Jordan

We have slightly downgraded our forecast for GDP growth from 2.5% to 2.3% for 2023. The country has made solid progress in implementing the structural reforms suggested by the IMF. Activity has increased via higher tourism and exports revenues carried over from 2022, and this momentum is likely to be maintained in 2023. However, despite Jordan's cushioning against inflation, particularly with food stocks, we expect the rise in prices will inevitably catch up to growth efforts in 2023.

Table of Contents

6 Pages
Jordan: Rising inflation adds risk to Near-term Growth outlook
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Downside risks remain significant
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

Pricing

Currency Rates
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